SSR MINING INC.

3. ACQUISITIONS AND DIVESTITURES

Acquisitions

Acquisition of Cripple Creek and Victor Gold Mine

On February 28, 2025, the Company completed the acquisition of all of the issued and outstanding common shares of CC&V from Newmont Corporation for total consideration of $247.7 million. The acquisition included contingent consideration of up to $175.0 million related to specified permitting and regulatory milestones. The contingent consideration consists oftwo milestone payments of $87.5 million each. During the first quarter of 2026, the Company paid the $87.5 million milestone to Newmont Corporation and was relieved of the contingent payment associated with the Carlton Tunnel.

Pro forma financial information

The following unaudited pro forma financial information represents a summary of the historical consolidated results of operations for the nine months ended September 30, 2025, giving effect to the acquisition as if it had been completed on January 1, 2024. The pro forma financial information is provided for illustrative purposes only and is not intended to represent what the Company’s financial position or results of operations would have been had the acquisition occurred on the assumed date, nor does it purport to project the future operating results or the financial position of the Company following the acquisition.

The unaudited pro forma financial information is presented below (in thousands):

(1)For the nine months ended September 30, 2025, net income (loss) includes $19.0 million of transaction and integration costs.

Divestitures

Divestiture of ownership in the Çöpler mine

On June 24, 2026, the Company completed the divestiture of its 80% ownership interest in the Çöpler mine and related properties in Türkiye to Cengiz Holding A.Ş. (“Cengiz Holding”) and affiliates for approximately $1.5 billion in cash. The Company recognized a loss on the divestment of Çöpler of $337.4 million during the second quarter of 2026 included within Net income (loss) from discontinued operations. The total loss includes a write-down of $338.2 million recognized during the first quarter of 2026 to adjust the assets held for sale of the Çöpler reportable segment to the lower of the carrying value or fair value, less costs to sell. The Company provided transitional services support to Cengiz Holding for thirty days following the closing date.

The Company determined that in conjunction with entering into the share purchase agreement, dated March 24, 2026, the operations of the Çöpler mine met the criteria for discontinued operations reporting, as the sale represents a strategic shift that will have a major effect on our operations and financial results. Accordingly, the Condensed Consolidated Financial Statements retrospectively present the disposal group as held for sale and the results of operations and cash flows of the disposal group have been presented as discontinued operations in the Condensed Consolidated Financial Statements. Refer to Note 4 for additional information.

Divestiture of ownership in the Hod Maden project

On July 17, 2026, the Company completed the divestiture of its 20% ownership interest in Artmin to Lidya Madençilik Sanayi ve Ticaret A.Ş (“Lidya Mines”), which owns the Hod Maden development project (the “Project”), for an uncapped 4.0% net smelter return royalty on 100% of the Project. Upon closing, the Company recognized the net smelter return royalty at fair value of $264.4 million, included within Mineral properties, plant and equipment, and derecognized the equity method investment and related party shareholder loan receivable, which had been recognized in the second quarter of 2026 following the deconsolidation of Artmin. The Company previously deconsolidated Artmin after determining that it was no longer the primary beneficiary of Artmin, as it no longer had the power to direct the significant activities Artmin. No gain or loss was recognized upon completion of the transaction.

The fair value of the net smelter return royalty was determined using a discounted cash flow model. The significant assumptions include future metal prices, estimated quantities of mineral reserves and resources, and discount rates. Royal Gold, Inc., a partner in the Project, holds a fixed price call right to acquire 2.0% of the NSR for $160.0 million, expiring 12 months following the declaration of commercial production at the Project.

The Company determined that in conjunction with entering into the definitive agreement to sale its ownership interest in Hod Maden, dated May 18, 2026, the sale represents a strategic shift that will have a major effect on our operations and financial results. Accordingly, the Condensed Consolidated Financial Statements retrospectively present the disposal group as held for sale and the results of operations and cash flows of the disposal group have been presented as discontinued operations in the Condensed Consolidated Financial Statements. Refer to Note 4 for additional information.